Kearney, MO Cost of Living

Kearney cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.

An overview of the general cost of living index for Kearney, MO is displayed above for your reference. Residents in Kearney, MO enjoy a cost of living index of 93. This index is 3% higher than the Missouri average, and 7% lower than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Kearney, MO, the average cost of goods and services is 5% higher than it is in Missouri, and it is 3% lower than the national average.

Find Real Estate Listings In Kearney

Location

Price

Bedrooms

Bathrooms

New Real Estate Listings In Kearney

How would you rate the cost of living in Kearney?Excellent. Goods, services and housing are all very affordable.Good. Most goods and services are affordable.Poor. Everything is more expensive than I'd like.Awful. You'll have to take out a loan to live here.View resultsWrite a review to give others more information about this area.Is the cost of living increasing or decreasing in Kearney?Decreasing rapidly. Costs are dropping at a rapid rate.Decreasing steadily. Costs of goods and services are declining.Increasing steadily. Price are inreasing, but at a reasonable rate.Increasing rapidly. I can barely keep up with the increasing prices.View resultsWrite a review to give others more information about this area.

Did you know?

The cost of living in Kearney is 3% higher than the Missouri average.

The cost of living in Kearney is 7% lower than the national average.

The cost of housing in Kearney is 10% lower than the national average.

Compare Kearney, MO Cost of living To Other Cities

Salary Calculator

I currently make 50,000This is how much you would need to earn in Price difference in compared to

Cost of living index

Goods & Services index

Groceries index

Health care index

Housing index

Transportation index

Utilities index

The salary calculator is meant to help you compare your salary in Kearney, MO to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in Kearney, MO, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Kearney, MO salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

Median Income & Debt-To-Income Ratio

Median Income

Per Year

Per Month

Max Budget (28% DTI)

Max Budget (36% DTI)

Owners

$80,692

$6,724

$1,883

$2,421

Renters

$36,535

$3,045

$852

$1,096

How much of your monthly income goes to housing can tell you whether or not you can afford housing in Kearney, MO, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In Kearney, MO homeowners have a median income of $80,692. Using that number, you will come up with a maximum of $1,883 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $36,535, which means there is a maximum of $852 to be spent on the costs of renting a home or apartment.

Missouri Sales Tax

State

General Sales Tax

With Max Surtax

Missouri

4.225%

10.85%

Missouri Income Tax

State

Income Tax (Low)

Income Tax (High)

Missouri

1.5%

6%

The Missouri sales tax and Missouri income tax rates should definitely be considered when determining the overall cost of living in Kearney, MO. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The Missouri sales tax is 4.225% and the maximum surtax is 10.85%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The Missouri income tax rates range from 1.5% to 6%.

Goods & Services

Item

Kearney

National avg.

Difference

Haircut

$15.70

$16.09

2.4%

Beauty Salon

$29.57

$37.33

20.8%

Toothpaste

$2.07

$2.45

15.6%

Shampoo

$0.91

$1.00

9.0%

Movie

$9.55

$10.28

7.1%

Bowling

$4.27

$4.93

13.4%

Groceries

Item

Kearney

National avg.

Difference

Ground Beef

$4.10

$3.80

7.9%

Fried Chicken

$1.62

$1.40

15.7%

Milk

$2.27

$2.01

12.9%

Potatoes

$2.93

$3.01

2.6%

Pizza

$9.66

$9.89

2.3%

Beer

$8.31

$8.90

6.6%

Health Care

Item

Kearney

National avg.

Difference

Optometrist

$98.24

$102.16

3.8%

Doctor

$99.13

$108.36

8.5%

Dentist

$97.70

$92.53

5.6%

Ibuprofen

$9.17

$9.28

1.2%

Lipitor

$417.55

$425.82

1.9%

Housing

Item

Kearney

National avg.

Difference

Home Price

$158,100.00

$184,700.00

14.4%

Avg. Mortgage Payment

$943.18

$1,202.44

21.6%

Apartment Rent

$943.00

$949.00

0.6%

Transportation

Item

Kearney

National avg.

Difference

Gasoline

$2.13

$2.24

5.1%

Tire Balancing

$44.23

$46.29

4.4%

Utilities

Item

Kearney

National avg.

Difference

All Electricity

$153.86

$165.96

7.3%

Phone

$16.67

$28.68

41.9%

Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.